Buy Kyber Network Crystal (KNC)

Buy Kyber Network Crystal or KNC Crypto currency by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about what is Kyber Network Crystal Cryptocurrency.

What Is Buy Kyber Network Crystal Cryptocurrency?

Kyber Network Crystal is the token of the Kyber Network blockchain company. The coin was released as an initial coin offering (ICO) in September 2017. The goal of Kyber Network, like so many similar blockchains, is to build a decentralized platform that allows instantaneous transactions with guaranteed liquidity in any cryptocurrency. The idea of the platform is to handle trading, payments, and complex financial transactions like derivative options and forward contracts, and at the same time integrating a payment API that allows wallets to receive payment from any crypto tokens.

The KNC token is primarily needed to cover the fees for using the Kyber platform, but also serves as an investment tool.

How to buy Kyber Network Crystal Cryptocurrency?

1. Buy Kyber Network Crystal with another cryptocurrency. If you have Bitcoin or Ether, you can buy Kyber Network Crystal on an exchange that offers it. If you don’t have one of those cryptocurrencies, you can get them at Coinbase. It is a reliable and reputable exchange with a New York bit license, which means it is sort of regulated. Trading on Coinbase is available in more than 30 countries. There you can buy almost instantly Bitcoin or Ether with a credit or debit card. The 4% commission is a little high, but speed and convenience come at a price. If you prefer, you can fund your account via a bank transfer, for a commission of 1.5% (bank fees are separate).

2. Choose an exchange that offers Kyber Network Crystals. The coin is available on several exchanges, both big and small: Binance, Huobi, OKEx, GateIO, Liqui, Kucoin, Cryptopia, Livecoin, Mercatox, Tidex and several others.

3. Once you get your Bitcoin or Ether and have opened and verified your account on the exchange that you chose, you can transfer your cryptocurrency and buy Kyber Network Crystals. Most exchanges do not charge transfer fees for funding your account with a cryptocurrency.

You can also buy Kyber Network Crystal with fiat currency. This is a faster and more straightforward option, if you don’t have other cryptocurrencies and cannot be bothered with opening a zillion accounts with a zillion exchanges. There are a just few platforms that offer this option: on LiveCoin you can buy it for USD. On Coinnest and Coinrail you can buy KNC for KRW, but if you are not a resident of South Korea, this is practically impossible. You can also buy the coin for THB on TDAX.

After you get your Kyber Network Crystls, we strongly advise you to move them off the exchange and store them offline. Keeping cryptocurrencies online is a very bad idea, as the exchange storage can be hacked and the coins stolen. In that case it is entirely up to the good will of the exchange to return you your funds and although in most cases it does, often you are not refunded in full or there are other complications.

The easiest option is to use MyEther Wallet, which can store all Ethereum-based coins and KNC is among them. The hardware wallets of Ledger and Trezor also support Kyber Network Crystal.